Los Angeles County Property Values Top $2.27 Trillion Amid Wildfire Recovery, 16th Straight Year of Growth

Los Angeles County’s 2026 assessment roll hit a record $2.272 trillion in net taxable value, a jump of $96 billion—or 4.42 percent—from last year, County Assessor Jeff Prang reported. The uptick is projected to bring more than $27 billion in property‑tax revenue to schools, public safety, health care, libraries, parks and other local services.

The 4.42 percent rise marks the 16th consecutive year of growth for the county’s assessment roll. Prang said the forecast released in May had projected a 3.9 percent increase; the final roll exceeded that estimate. New construction added over $12 billion, property transfers contributed $49 billion, and the maximum 2 percent inflation adjustment under Proposition 13 added roughly $43 billion.

Wildfires in Pacific Palisades and Altadena in January 2025 created a challenging environment for the county’s real‑estate market. Prang noted that staff resources were diverted to assist owners affected by the fires, yet the roll still grew. "When I presented the forecast to the Board of Supervisors in May, I emphasized 2025‑26 was a challenging year, and the impact of January’s devastating wildfires will be felt for years to come," Prang said.

The median home sale price in Los Angeles County climbed to $982,000 during the assessment period. Citywide assessed values were highest in Los Angeles ($926.1 billion), followed by Long Beach ($84.5 billion) and Santa Monica ($54.9 billion). The fastest growth in assessed value occurred in Irwindale (15 percent), Vernon (13.3 percent) and Hidden Hills (11.7 percent).

The 2026 roll includes nearly 2.4 million taxable real‑property parcels, more than 157,000 business‑property assessments, almost 32,000 boats and over 3,500 aircraft. Under Proposition 13, most property owners will not see tax bills rise by the same percentage as the roll, because annual increases in assessed value are capped at 2 percent.

The additional $27 billion in revenue will support a range of county services. Property tax funds are earmarked for public schools, public safety agencies, health‑care facilities, libraries, parks and other community programs. The county’s Board of Supervisors will review the allocation of the new revenue in the coming months.

The record assessment roll demonstrates the county’s resilience after the 2025 wildfires. Despite the loss of thousands of structures and the economic shock to affected neighborhoods, the overall property‑value base continued to expand. The growth reflects new construction, ongoing property transfers and the inflation adjustment that applies to all assessed properties.

County officials will continue to monitor property values and provide assistance to owners impacted by the fires. The assessor’s office will also update the public on any changes to the roll and the resulting tax‑revenue projections.

In summary, Los Angeles County’s property‑value base has reached a new high, generating significant revenue for local services while showing resilience in the face of recent natural‑disaster losses. The county’s long‑term growth trend continues, and the Board of Supervisors will determine how the additional funds will be distributed across the county’s budget.